Wednesday, November 19, 2008
Wake up Congress heres what you promised, a little change.
Hello, is anybody in there? I’m trying to reach the General Motors executives who seem to be brain dead. If I were Congress I would give them the following ultimatum:
First retire the top three executives from the company, get rid of those tinplated millionaires and the jet they road in on and don’t let them sail to the ground with a golden parachute worth millions. If they haven’t saved anything from the millions they have already been paid, too damn bad. For 2nds I would give the union 48 hours to come before the committee with a scaled down proposal that makes some type of sense to the real people of America. Model it after the pay plan of the Toyota factory or the Nissan plant. No one in America working on an assembly line should be making $76 per hour even if it does include benefits. There should be no restrictions on terminations and no job banks to hide lazy union members with pay. It’s time to come to the real world boys, you’ve done it your way and you lost.
I really don’t care how much of a capitalist you are, no one needs $60 million to get by. The pay these top executives are getting is obscene and not one of them probably has a lick of commonsense. Believe me, if they did they would have come to Washington on Greyhound or Jet Blue. We have literally millions of people just trying to get through this at various suppliers, dealerships and parts houses around the country. Their only hope is some type of bailout or fire sale to keep their jobs. These guys and girls are real people who work hard, just to make a living wage. How about the waitress at the cafĂ© down the street from a dealership in Joplin, does she deserve to lose her job because of the failure of a few at the top?
I know the Democrats won’t like this idea as some of their main support comes from the UAW, but listen up guys, you promised us change, now lets see it. I am not for government involvement in business but this could be done through a few of the banks we just bailed out and with only government guaranties not government participation. Lets see some real change right now, with a bipartisan effort based on real sound judgement and practical ideas.
This would be a business loan, produced by banks that are in the business of producing loans. This is not a free ride. Should the loan not be satisfied in a reasonable time, assets would be seized and liquidated. We just may end up with a Chevrolet, by Toyota or Nissan.
And that’s my opinion,
Don
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment